What is the cost of living in Davidson, NC?
According to the most recent data on the cost of living, Davidson has an overall cost of living index of 131, which is 1.3x higher than the national index of 100.
Compared to North Carolina, Davidson has a cost of living index that's 1.4x higher than North Carolina's index of 95.
The standard of living in Davidson ranks as #153 most affordable out of the 159 places we measured in North Carolina. By definition, that implies Davidson ranks as the #6 most expensive place in the Tar Heel State.
For more reading on life in Davidson, check out:
Davidson Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Davidson. Here is how it fares on each of the criteria:
The Services index in Davidson is 100.
The Groceries index in Davidson is 97.
The Health index in Davidson is 210.
The Housing index in Davidson is 97.
The Transportation index in Davidson is 97.
The Utilities index in Davidson is 100.
| Living Expense | Davidson | North Carolina | National Average |
|---|---|---|---|
| Overall | 131 | 95 | 100 |
| Services | 100 | 98 | 100 |
| Groceries | 97 | 98 | 100 |
| Health | 210 | 89 | 100 |
| Housing | 97 | 100 | 100 |
| Transportation | 97 | 97 | 100 |
| Utilities | 100 | 101 | 100 |
Davidson Cost Of Living Compared To North Carolina Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around North Carolina, check out:
- Most Expensive Cities In North Carolina
- Most Affordable Cities In North Carolina
- Average Rent In North Carolina
Source: Cost-of-living index 2026, normalized to US average = 100
Davidson, NC Housing Cost Breakdown
Housing swings affordability the most between places in North Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Davidson is $655,967.
The Median Rent in Davidson is $1,652.
The Median Income in Davidson is $166,556.
The Home Value To Income in Davidson is 3.9x.
The Rent To Monthly Income in Davidson is 0.12x.
| Statistic | Davidson | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $655,967 | $336,407 | $332,700 |
| Median Rent | $1,652 | $1,228 | $1,413 |
| Median Income | $166,556 | $72,388 | $80,734 |
| Home Value To Income | 3.9x | 4.6x | 4.1x |
| Rent To Monthly Income | 0.12x | 0.2x | 0.21x |
Davidson, NC Costs By Category
Detailed Davidson Services costs vs. North Carolina
| Item | Davidson | North Carolina |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $13.55 | $12.13 |
| Bowling | $21.67 | $18 |
| Haircut | $18.25 | $24.26 |
| Beauty Salon | $59.75 | $45.56 |
Detailed Davidson Groceries costs vs. North Carolina
| Item | Davidson | North Carolina |
|---|---|---|
| Ground Beef | $6.27 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.61 | $4.67 |
| Potatoes | $4.98 | $4.93 |
| Pizza | $10.96 | $12.09 |
| Beer | $10.47 | $10.41 |
| Toothpaste | $3.81 | $3.7 |
Detailed Davidson Health costs vs. North Carolina
| Item | Davidson | North Carolina |
|---|---|---|
| Optometrist | $143.74 | $125.68 |
| Doctor | $148.29 | $135.78 |
| Dentist | $115.52 | $113.29 |
Detailed Davidson Transportation costs vs. North Carolina
| Item | Davidson | North Carolina |
|---|---|---|
| Gasoline | $3.29 | $3.46 |
| Tire Balancing | $53.32 | $59.92 |
Detailed Davidson Utilities costs vs. North Carolina
| Item | Davidson | North Carolina |
|---|---|---|
| All Electricity | $167.89 | $193.99 |
| Phone | $189.9 | $192.25 |
Davidson SnackAbility
Cost Of Living In Cities Around Davidson
The cost of living varies in the cities and towns around Davidson. Here's a quick look at the cost of living in the most populous nearby places:
Charlotte, NC has a cost of living index of 108, 0.8x Davidson.
Concord, NC has a cost of living index of 104, 0.8x Davidson.
Huntersville, NC has a cost of living index of 116, 0.9x Davidson.
| City | Population | Cost Of Living | Vs. Davidson |
|---|---|---|---|
| Charlotte, NC | 903,844 | 108 | 0.8x |
| Concord, NC | 108,719 | 104 | 0.8x |
| Huntersville, NC | 63,969 | 116 | 0.9x |
| Kannapolis, NC | 57,890 | 96 | 0.7x |
| Mooresville, NC | 52,381 | 109 | 0.8x |
| Cornelius, NC | 32,783 | 124 | 0.9x |
| Harrisburg, NC | 19,633 | 117 | 0.9x |
| Mount Holly, NC | 18,208 | 97 | 0.7x |
| Lake Norman of Catawba, NC | 9,906 | 130 | 1.0x |
